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Board approves two letters-of-credit releases for Wolfsberger Park subdivision
Summary
Trustees approved Release #6 for Section 3A ($58,823.53) and Release #7 for Sections 2B and 3B ($126,255.33) for Wolfsberger Park; the motions passed unanimously.
The Village Board approved two releases of letters of credit for the Wolfsberger Park subdivision: Release #6 for Section 3A in the amount of $58,823.53 and Release #7 for Sections 2B and 3B totaling $126,255.33. Trustee Wagner moved and Trustee Harris seconded the motions; Mayor Milne and all present trustees voted AYE.
The releases were recorded as part of routine developer escrow administration; the minutes note 21 units under construction with four lots still available for purchase in Wolfsberger Park.
